Our blog: insight and opinion on property tax- Page 4 of 6

Stamp Duty Calculator For The UK (2023)

Dec 14, 2022
| Single Property Landlords

You might have to pay Stamp Duty if you buy a residential property in England or Northern Ireland that costs more than a certain amount, or if you buy a piece of land that costs more than that amount....

How To Handle Property Losses & Their Related Tax Concerns

Interest Only Mortgage Calculator

Dec 13, 2022
| 2 or more Property Landlords

Many landlords who invest in buy-to-let properties have interest-only mortgages, and there are a number of good reasons for this. The purchase of a buy-to-let property is usually for the purposes of i...

Why You Should Consider Transferring Your Property To A Limited Company

Nov 27, 2022
| Uncategorized

A transfer of a property to a limited company could offer some significant income and inheritance tax savings but each case needs to be looked at on its own merits and with careful consideration of th...

How The Latest Autumn Budget Will Affect Landlords

Nov 18, 2022
| Uncategorized

On top of the other tax rises, freezes in allowances and thresholds, landlords with property held in personal names will also pay more in capital gains tax. Landlords with property in a limited compan...

Offshore & Non-UK Companies That Own UK Property

Nov 17, 2022
| Overseas Registry

If you own property through a non-UK company, this article will serve as a valuable source of information as to how the new Register of Overseas Entities will affect anyone that fails to register in t...

OTS Latest Findings Recommend HMRC Block Implementing MTD

Nov 14, 2022
| Making Tax Digital

Previously, we published a guide on Making Tax Digital for landlords in preparation for the government bringing in new Making Tax Digital (MTD) guidance imminently. It is our intention today to...

How Does The Mini-Budget Affect Landlords?

Sep 26, 2022
| 2 or more Property Landlords

How the mini-budget affects UK landlords & our outlook on what this means for the UK property market. Table of Contents: Overall Summary Key points from the mini-budget Stamp Duty Land Tax Persona...

What Is A Declaration of Trust?

Sep 18, 2022
| Single Property Landlords

If you are in the process of creating a deed of trust then you will want to know more about just what this entails, the potential tax benefits and who you need to consult in the process of creating th...

A Complete Guide To Capital Gains Tax In The UK

Sep 12, 2022
| Capital Gains Tax

You may be subject to Capital Gains Tax (CGT) whenever you sell an additional property, shares, or other assets as Capital Gains Tax must be calculated for any gains you receive. It can be a complicat...

Rental Income Tax Guide

Aug 21, 2022
| 2 or more Property Landlords

When you let property, you are in receipt of rental income and in most cases, you will need to declare this to HMRC and pay any tax due. The actual tax on rental income will be either nothing, 20%, 40...

A Complete Guide To Tax For Landlords

Aug 1, 2022
| 2 or more Property Landlords

If you are a landlord with less than 10 properties, which you are letting out in the UK, then this guide will give you a thorough grasp of the basics of property tax and capital gains tax in the UK. W...

Inheritance tax on property

Jun 22, 2022
| Inheritance Tax

A major concern for landlords is how to avoid Inheritance Tax on property. When speaking to landlords, much like myself, they seek long-term capital growth and to supplement their current and retireme...

Property Investment Company and Inheritance Tax

May 13, 2022
| Inheritance Tax

Set up correctly a property investment company can save you income tax, obtain full tax relief of mortgage interest, inheritance tax and a host of other tax planning opportunities. Here we examine how...

Tax advisor saves top rate taxpayer £15,600 per annum

May 13, 2022
| Limited Companies

Rent to rent is where a property is let to another party who then let the property out to tenants. There are pro’s and cons to this arrangement but our focus here as the tax advisor was on the tax sav...

Non Resident Capital Gains Tax

May 5, 2022
| Non-resident Landlords

Many non-residents are unaware of the possible Non-Resident Capital Gains Tax exposure on UK property sales or the need for returns and early payment. From 6 April 2015, non-UK residents became subjec...

Property Investment Company

May 5, 2022
| Capital Gains Tax

If you’re thinking about investing in property and wondered whether a Property Investment Company may be the way forward, read on.

35 Buy to Let costs you need to claim

Apr 28, 2022
| What expenses can I claim

If you are a landlord or thinking of becoming one, then an understanding of rental income deductions that you can claim is essential. But not all expenses are deductible against rental income and it i...

Buying property through a limited company- what are the tax savings?

Apr 21, 2022
| Limited Companies

At UK Landlord Tax we often get asked by clients whether or not they should buy their rental property via a limited company instead of in their own personal name. The main driver for this conversation...

Should I change my BTL Limited Company Year End?

Apr 12, 2022
| Uncategorized

Is your BTL limited company year-end making life difficult for you? Unlike personal tax, for which we all file a tax return to the 5th April each year, limited companies file accounts based on account...

Your BTL Limited Company and Director’s Loan Account

Apr 7, 2022
| Uncategorized

What is a director’s loan account and how does it work in your BTL limited company? It’s a common question and one that often confuses landlords with a BTL limited company. So here’s our take on tryin...

What has the Spring Statement done for landlords?

Mar 24, 2022
| 2 or more Property Landlords

So what has the Spring Statement done for landlords? In short, not much. Indirectly, the measure to cut the VAT on materials such as solar panels, heat pumps and insulation will help if you were think...

The Rental Property Allowance

Mar 18, 2022
| Single Property Landlords

Can you benefit from the £1,000 property allowance? If you have income from land and property, you may be able to take advantage of the property allowance. This allowance can be used in various ways. ...

Air BnB and post covid

Feb 1, 2022
| Airbnb Landlords

Furnished Holiday lets – non-compliance of the rules – implications post covid. Of the sectors of the UK economy affected by the pandemic, it has been the travel and tourism sector that ha...

Inheritance tax and the family home. Beware gift with reservation rules

Feb 1, 2022
| Inheritance Tax

Inheritance tax and the family home The family home is likely to be your most valuable asset. Consequently, when looking to reduce inheritance tax, it may seem sensible to try and give your home away ...

Let Property Campaign – What is it

Jan 6, 2022
| Let Property Campaign

What is the Let Property Campaign? Set up by HMRC many years ago, the Let Property Campaign is a long-running disclosure opportunity aimed at residential property landlords who need to bring their tax...

Thinking of incorporating a Partnership to save Stamp Duty on buy to let property? Don’t do it

Dec 9, 2021
| Company News

Do you have an existing property portfolio that you want to put into a Limited Company? Have you been told by many different notorious websites that you could create a Partnership and then incorporate...

Tax benefits of electric cars for landlords

Dec 2, 2021
| 2 or more Property Landlords

Specialist tax accountant, Simon Thandi looks at the impact of the recent tax changes when property businesses acquire electric vehicles. In particular the impact on property investors that hold their...

Reporting income from property for 2020/21

Dec 2, 2021
| Single Property Landlords

The deadline for filing the 2020/21 self-assessment tax return online is 31 January 2022. If you received income from property, you may need to tell HMRC about it on your return. There are designated ...

Why you should use a property tax accountant

Nov 5, 2021
| 2 or more Property Landlords

Why use a specialist property tax accountant? It’s a question we get asked regularly and one you may have thought about. The short answer is if you speak to the right property tax specialist you shoul...

Capital Gains Tax Reporting Extended to 60 Days

Oct 28, 2021
| Capital Gains Tax

Capital Gains Tax Reporting deadline increases to 60 days The Autumn Budget 2021 includes an announcement that the Capital Gains Tax Reporting deadline is to be extended to 60 days from the previous d...

Landlord tax advice & news